Bullish
Snowflake's (SNOW) stock surges 16.55% to $356.47 after strong Q2 earnings and raised guidance.
Snowflake's (SNOW) stock experienced a significant 16.55% increase, closing at $356.47, following the release of its fiscal Q2 2027 earnings report. The company reported a 35% year-over-year revenue growth to $1.55 billion and an adjusted EPS of $0.62, surpassing analyst expectations. Additionally, Snowflake raised its full-year product revenue guidance to $6.07 billion, driven by strong demand for its AI-driven products.
Key points
- Snowflake's Q2 revenue grew 35% year-over-year to $1.55 billion, exceeding analyst expectations.
- Adjusted EPS reached $0.62, surpassing the consensus estimate of $0.45.
- The company raised its full-year product revenue guidance to $6.07 billion, up from $5.84 billion.
- Insider director Benoit Dageville sold 50,000 shares for approximately $16.8 million, as part of a pre-arranged trading plan.
Sources
- Snowflake Shares Soar as Earnings, Revenue Top EstimatesSchaeffer's Research · September 3, 2026
- Snowflake Stock Soars 17% On Earnings Beat: Is There More Upside?CoinCentral · September 8, 2026
- Snowflake director Benoit Dageville sells $16.8m in sharesInvesting.com · September 10, 2026
- Snowflake Stock (SNOW) Pops as AI Drives Q2 Earnings Beat; Analysts Raise Price TargetsTipRanks · September 3, 2026
AI-generated from public news sources. Not financial advice.
